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A change in the tide for small business owners? |
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Written by admin
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Sunday, 02 November 2008 |
The government’s pressure on the big banks to lend to small business is finally starting to happen.
With hundreds of small firms going to the wall every week, this could be much welcomed news and should help prevent more small firms getting into dire straits.
The economic downturn is also sending shivers down the spines of staff working at small firms: SMEs now employ over 13 million people but unemployment is rising at the fastest rate for 17 years. By contrast, the new financing package from RBS will enable AutoeBid to employ three more staff.
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Last Updated ( Sunday, 02 November 2008 )
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